Newsflash of October 11

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Market Cap at 2:26 (UTC) – $225,178,891,519 billion 

Bitcoin dominance: 66.8 % 

BTC $ 8,358.31 (-1.72%)

ETH $186.28 (-2.49%)

XRP $0.273530 (+0.59%)

InfiniGold launched gold-backed regulated token

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Perth Mint, a wholly government-owned enterprise has approved InifniGold to launch Perth Mint Gold Token (PMGT). PMGT is a ERC-20 token and can be exchanged for physical gold stored at The Perth Mint. At the moment, users can only trade PMGT on GoldPass, a mobile application.

SEC rejected Bitwise Bitcoin ETF

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On January, 28th, NYSE proposed to list Bitwise Bitcoin ETF. However, SEC has recently turned down the proposal stating:

“NYSE Arcahas not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), and, in particular, the requirement that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices.”

IRS released new guide for crypto airdrop and hard forks

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On October 9th, IRS released a new guidance for crypto investors who have involved in making profit from hard forks and airdrops. Per the article, IRS is helping taxpayers to fulfill their obligations in the new market.

Thai’s SEC approved country first ICO portal

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According to Bangkok Post, Thai’s SEC has approved SE Digital to operate as the country first ICO portal. SE Digital plans to launch the first investment token with a target about 3 billion bath (approx. $100 million). Additionally, a strategic investor, Elevated Return will provide the market for these tokens.

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